This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world's 'second-most-powerful person.' So who is Jerome Powell and why does it matter that he may soon head the Fed?
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world.
Randal Quarles, the president's first nominee to the Federal Reserve's board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
if you like to drink (or sell) German beer, higher rates are a wonderful thing.
Matthias Schrader/AP Photo
While borrowers may not be thrilled by the Federal Reserve's decision to raise rates, many of us have plenty of reason to celebrate.
There was a fair bit of detail this week about what we can expect from the RBA and US Fed on interest rates going forward.
We could soon head into another volatile period.
Tambako The Jaguar/Flickr
Brexit and Trump pave the way for more financial market uncertainty.
US Fed Chair Janet Yellen’s term expires in early 2018. Who will replace her?
My Christmas fiscal wish is that in 2017 both sides of politics treat the Australian public like adults.
Federal Treasurer Scott Morrison will deliver the Mid Year Economic and Fiscal Outlook next week.
The US Fed meets expectations for a rate cut, Australia's unemployment rate heads upwards again, and all eyes look to the mid year budget update.
Fed Chair Janet Yellen discusses the change in rates.
Alex Brandon/AP Photo
The Fed faces a tough choice on how fast to raise rates in 2017, and Donald Trump may find that it may spoil some of his plans.
Up from here?
Richard Drew/AP Photo
Many observers argue the Fed's wrong to raise rates so soon. Here's why they're wrong.
The Fed’s low-interest rate garden.
Money shoots via www.shutterstock.com
Ultra-low interest rates have made low-carbon projects like windmill farms more attractive than coal power plants. That will begin to change as the central bank lifts rates, hurting the green economy.
Not enough cranes?
Construction slumps to its lowest level since 2010, and the US Fed remains divided on its next interest rate hike.
A whirlwind of speculation about Deutsche Bank’s health has surrounded its headquarters in Munich.
AP Photo/Michael Probst
Is the financial system headed for another 'Lehman moment'? Perhaps, but a bailout isn't the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Will Congress take the handoff from the Fed?
Although the economy added jobs for a 72nd month – the longest streak since WWII – growth remains sluggish. Two economists argue it's up to lawmakers and the next president to pick up the slack.
The World Economic Outlook from the IMF released this week downgraded growth for many countries.
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
Trump has his sights set on the US Fed.
Trump's economic "plan" has a good chance of sending the US economy back to the Fred Flintstone era.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Chair Janet Yellen acknowledges: It’s a tough call.
The Fed left interest rates unchanged but said improving economic data means it will likely lift them later this year. We asked two scholars – and ex-Fed officials – if it was the right call.
You’re not the only one in the dark.
Just like apes, humans fear the unknown, and that's why there's so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Employment growth remains flat, despite hopes for improvement.
The Australian economy continues to deliver mixed, but on the whole positive, signals.
Guy Debelle is preparing to become Deputy Governor of the RBA.
All in all this was a fairly positive week for global economies.